Examlex
Match each term with its corresponding statement or definition.
-Process that rebuilds lactic acid formed under anaerobic conditions and transfers it back into glucose
Missing Amounts
Calculations or adjustments made in accounting to determine unknown figures in financial statements due to incomplete records or errors.
Cost of Goods Purchased
The total cost incurred for goods bought for resale or used in production during a specific period, excluding labor and overhead expenses.
Net Purchases
Total purchases minus returns, allowances, and discounts.
Freight-In
Freight-in refers to the shipping cost associated with getting raw materials or inventory to a company, which is added to the cost of goods.
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